Datadog, Inc. (NASDAQ:DDOG) Stock Holdings Boosted by Robocap Asset Management Ltd

Robocap Asset Management Ltd boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,960 shares of the company's stock after acquiring an additional 8,614 shares during the period. Datadog accounts for approximately 4.4% of Robocap Asset Management Ltd's investment portfolio, making the stock its 11th biggest position. Robocap Asset Management Ltd's holdings in Datadog were worth $5,949,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after acquiring an additional 92 shares in the last quarter. YANKCOM Partnership boosted its holdings in shares of Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after acquiring an additional 99 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in shares of Datadog by 4.9% in the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after acquiring an additional 101 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Datadog by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 13,118 shares of the company's stock valued at $1,874,000 after acquiring an additional 115 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

DDOG has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Needham & Company LLC set a $140.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, June 12th. Scotiabank set a $130.00 price objective on shares of Datadog and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Rosenblatt Securities cut their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $119.00 target price on shares of Datadog in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.60.

Datadog Stock Down 2.2%

DDOG traded down $3.19 during trading on Wednesday, hitting $142.75. The company had a trading volume of 9,049,480 shares, compared to its average volume of 4,947,419. The company has a market cap of $49.30 billion, a PE ratio of 310.33, a P/E/G ratio of 80.73 and a beta of 1.03. The business has a 50-day moving average of $121.89 and a 200-day moving average of $120.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In other Datadog news, CRO Sean Michael Walters sold 9,469 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the sale, the executive directly owned 212,324 shares of the company's stock, valued at approximately $31,848,600. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $120.86, for a total transaction of $956,727.76. Following the sale, the director directly owned 388,205 shares in the company, valued at $46,918,456.30. This trade represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 833,882 shares of company stock valued at $100,101,477 in the last ninety days. 8.70% of the stock is owned by insiders.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.